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Trade Explorer Review

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Trade Explorer

Trade Explorer is a trading advisor that belongs to the LeapFX family. The developers are well-known among the Forex community. The main claim is “Verified Forex Robot Has Been Proven To Generate Up To 377% Profit In Just 1 Month Trading On 27 Currency Pairs Even In The Most Volatile Market Conditions With Limited Risk.”

We have decided to write this review because we’ve received many requests from traders via email. The system has been working for two years using a grid of orders strategy.

What is behind Trade Explorer?

We have prepared a list of the most important information like settings, parameters, requirements, details, and so on.

  • The system doesn’t require us to have any trading experience.
  • The advisor can execute orders for us automatically on a terminal.
  • It’s easy to set it up on the terminal.
  • The system is beginner friendly.
  • We can get 20% with standard risks.
  • If we increase then it will be able to be from 50% to 100% monthly.
  • The advisor works 24/7 on the market.
  • It works with two strategies: Trend and Price Action.
  • There’s advanced dynamic trade management.
  • We can find a story about Jack who made a bunch of money, but without any proof of this.
Trade Explorer details

Trade Explorer details

  • There are all settings applied in the system.
  • The system will receive all updates lifelong.
  • It looks for trading opportunities all the time.
  • LeapFX is going to provide us with the best possible support.
  • We always get the best recommendations.

Key features

  • It can trade 27 pairs at once.
Trading activity of Trade Explorer

Trading activity of Trade Explorer

  • We can get started with any account size.
  • The system fits any broker.
  • The time frames weren’t mentioned.

 

Trading strategy

The core strategy is a mix of a Trend and Price Action. So, after sporting trading opportunities using one strategy, it’s rechecked by another one.

The presentation doesn’t include any sign of backtest reports. It’s a con because we don’t know if the system was properly tested under various market conditions.

Pricing

Trade Explorer pricing

Trade Explorer pricing

The offer looks standardized where the robot costs $397 for one year rent and $697 for a lifelong license. The package includes software for MT4, best settings, free updates for life, support, best recommendations, and 30 days of the refund policy.

Trading performance of Trade Explorer

Trade Explorer trading results

Trade Explorer trading results

Trade Explorer works automatically on FX Choice which is a well-known broker for automatic trading. The leverage is 1:200. It works with the data received from MT4. The account has a verified track record. It was created on May 13, 2020 and deposited at $5000. The robot generated over $16K of profit. It trades with an average monthly gain of 7.58%. The maximum drawdown is 17.29%. The account is tracked by 170 traders.

Trade Explorer details

Trade Explorer details

The system has closed 10,038 orders with 27108.5 pips. An average win is 23.84 pips when an average loss is -70.50 pips. The win rate  is 76-79%. Its profit factor is high – 2.03.

Trade Explorer trading pairs

Trade Explorer trading pairs

We may note that many pairs were lost in pips but gained in profits. This means that there’s a risky Martingale strategy applied.

Trade Explorer hourly activities

Trade Explorer hourly activities

The advisor trades past Midnight and during the European trading session.

Trade Explorer daily activities

Trade Explorer daily activities

It works mostly equally during a week.

Trade Explorer risks

Trade Explorer risks

The advisor works with low risks to the balance.

Trade Explorer closed orders

Trade Explorer closed orders

The advisor uses Grids of more than five orders. It’s so risky.

Trade Explorer monthly activities

Trade Explorer monthly activities

The robot closed all months of 2021 in profit.

Customer support

The developers provide pretty solid and helpful support within several hours usually.

People feedback

People testimonials

People testimonials

The presentation includes five pages of screenshots about how people were satisfied with using this system. However, we cannot trust them because they are not verified by Forex Peace Army or Trustpilot.

Trade Explorer Summary: Worth it or not?

6

Trade Explorer is a trading solution that works with a risky strategy combo on a real account. The system is profitable so far but we don’t know how long it takes. So, conservative and moderate risk traders can avoid this system because of Grid/Martingale.

  • A well-known design company behind it
  • Trading results provided
  • A refund policy applied
  • No team of the developers revealed
  • No risk advice given
  • No money management advice provided
  • No backtest reports published
  • The system uses a risky combo of a Grid with Martingale
  • No verified feedback provided

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